India

Fintech / Regtech

RBI Permits Banks to Use UPI With Credit Lines

By Sanday Chongo Kabange | 05/09/2023

Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.

Market Infrastructure

SEBI Proposes Formation of New Agency to Validate Performance Claims

By Sanday Chongo Kabange | 04/09/2023

SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.

Enforcement

OCCRP Report Deals Fresh Blow to India’s Adani Group

By Mark Johnston | 03/09/2023

The OCCRP says Adani Group breached India’s minimum public shareholding rules. SEBI is waiting for information from five foreign jurisdictions to confirm.

Fintech / Regtech

India, New Zealand Start Talks on UPI-based Payments Link

By Editors | 30/08/2023

NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.

Market Infrastructure

SEBI Enhances Market Infrastructure Requirements on Cyber Security

By Mark Johnston | 30/08/2023

The requirements cover data backups, the ability to rebuild critical systems, ransomware attack drills, and cyber audits.

AML / KYC

Indian Banks Working on New Industry Platform to Combat Fraud – Report

By Editors | 30/08/2023

The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.

Market Infrastructure

SEBI Proposes to Increase Flexibility of New Social Stock Exchanges

By Editors | 30/08/2023

SEBI proposes to reduce the minimum issue size and the minimum application size to facilitate more fund-raising for NPOs.

Fintech / Regtech

Singapore, India Complete First Interoperable eBL Transaction

By Editors | 29/08/2023

Supported by Enterprise Singapore, DBS Bank completed the transaction in partnership with Maptrasco using IMDA’s TradeTrust framework.

Securities / Derivatives

SEBI to Require Intermediaries to Sever Ties with Unregistered ‘Finfluencers’

By Editors | 28/08/2023

SEBI-registered intermediaries and regulated entities would also be required to stop disbursing referral fees to unregistered entities such as “finfluencers”.